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Q. Show payment of a liability?
Accountants are able to easily measure some changes in assets and liabilities such as the acquisition of an asset on credit and the payment of a liability. Other changes in assets and liabilities such like those recorded in adjusting entries are more difficult to measure for the reason that they often involve estimates and/or calculations. The accountant should determine when a change has taken place and the amount of the change.
what are the limitations to errors?
Q. Financial statements in European countries? In a few European countries the financial statements contain secret reserves. These secret reserves occur from a company not repo
I am looking for job in your company. I possess academic writing experience of 1.5 years in accounting field.
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Suppose a firm owns oil well assets. It is deciding how much oil to extract from its oil wells this year and next year. Production of oil costs $10 per barrel this year; next year,
Workout Expenditures Professional fees (legal, accounting, appraisal) paid to entities unaffiliated with the investment company's advisor or sponsor in connection with any of t
Its depends on the credit period of the company i.e. A company credit period 30 days 85 of the debtors collection should be recovered with in credit period. We can say the Effectiv
On January 1, 2012, the organizers of the Parsons Corporation contained their charter and issued 10,000 shares of $1 par common stock for $4 per share. During 2012, the corporation
procedure followed in government system
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